Asian markets fluctuated Wednesday as traders struggled to track another record day on Wall Street, with focus squarely on the Federal Reserve's policy meeting.
At the turn of 2024, markets had factored in up to six but a spate of strong data -- particularly pointing to sticky inflation -- has forced investors to revise that down to three. Hong Kong, Shanghai, Sydney, Seoul, Singapore, Taipei and Manila were slightly higher but there were losses in Jakarta and Wellington.The yen weakened further after the Bank of Japan suggested that Tuesday's interest rate hike -- its first in 17 years -- would not likely be followed by any more any time soon.
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